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October 13, 2009 |
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See What We Are Doing for Students
Accounting Interview Day Dollars and Sense Student Blogs |
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ADOR Second Hearing |
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Update: ADOR Second Hearing October 20, 2009, 2:00 p.m. Room 3114 (Conference Room, Legal Division)
The Alabama Department of Revenue has schedule a second hearing date, October 20, 2009. Rule #810-3-24.2-.01, Composite Returns of Pass Through Entities; Rule #810-3-24.2-.02, Qualified Investment Partnerships and Rule # 810-2-8-.08, Business Privilege Tax are all scheduled. Please select the ADOR link below to download a copy of the proposed new rule and to access meeting information.
Proposed Alabama Regulation Strikes Business Privilege Tax Deduction By Christopher R. Grissom and James E. Long, Jr.
Alabama’s business privilege tax (“BPT”), which is imposed on every business entity doing business or registered to do business in Alabama, provides for a deduction in computing the taxable base equal to the book value of the taxpayer’s investments in the equity of any other taxpayer that is doing business in Alabama. Ala. Code § 40-14A-23. The deduction is designed to avoid the inherent double taxation that would result if the net worth of both the parent/investor and subsidiary/investee are subject to the same tax. The Alabama Department of Revenue (the “Department”), however, has recently proposed a regulation that would strike this statutory deduction for all tax years beginning after January 1, 2010. Read more>>
For more information, please visit http://www.revenue.alabama.gov/rulehear.html.
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October CPE |
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Cut it close this year on your CPE? It doesn't have to happen again. Roll up your sleeves and get started again for next year.
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Dollars and Sense for High Schools |
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2009 Young CPA Classroom Blitz
The Alabama Society of CPAs’ Young CPAs are following up their hugely successful 2008 Going Global classroom blitz campaign with Dollars and Sense, a financial education presentation.
In the current economic environment, the time is ripe to introduce or reinforce the concepts of budgeting, needs versus wants, investing, use of credit, and other financial topics. The Young CPA Board decided to make financial education their priority for this year’s one-day blitz. The program will use the National Endowment for Financial Education (NEFE) materials, the High School Financial Planning Program. The student guides are divided into seven lessons, with interactive activities included. Each student will receive his own workbook and each school will receive 2 comprehensive instructor’s manuals. The date is Friday, November 13, 2009 for the 45-60 minute presentation. Schools may elect to have a single presentation, to have multiple presentations or even to have a large assembly.
We Need Volunteers for the Dollars and Sense Classroom Presentation!
Please visit the Dollars and Sense wiki to see which schools across the state have already signed up. If you're interested in making the presentation on November 13th, just add your name!
Please stay tuned for specifics on the 1 hour training session conference call during the last week of October.
If you'd like more information, please contact Diane Christy, ASCPA Communications Director, or visit our website: www.ascpa.org
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Business & Industry Webinar Series | |||||||||||||||
AICPA offers free webinar series this Fall for CPAs in Business and Industry
The American Institute of Certified Public Accountants begins its free “Strategic Management Infocast” series on Sept. 24 to help CPAs serving in business, industry and government gain the tools needed to effectively evaluate and analyze their strategic positioning to survive in difficult business conditions. The seminars will run from 12:00p.m.-1:15p.m. ET.
Thursday, October 15 “Evidence-based Management: Making Intelligent Business Decisions.” The Webinar will discuss how to leverage information technology and business intelligence investments to better define the real information needs of your organization, collect meaningful data to turn into relevant insights and how to present and communicate this information to decision makers.
Thursday, November 19 “Business Intelligence: Driving Value by Turning Data into Decisions.” This webinar will cover the concepts, principles and practices associated with business intelligence, as well as practical guidance for managing an enterprise BI initiative. Discussion topics will include assessing your organization’s current capability to support a BI initiative and how to evaluate your organization’s current one for potential risk areas.
The series is free to AICPA members but pre-registration is required because of limited space. Please visit www.cpa2biz.com to register. AICPA members may register for one hour of optional CPE credit for $34; non-members will be charged $44. All three Webinars may be accessed for one year at:
The AICPA Infocasts are being produced in conjunction with the Society of Management Accountants of Canada and the Chartered Institute of Management Accountants, headquartered in the United Kingdom. |
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AICPA Minority Initiatives - 40 Years |
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AICPA Minority Initiatives Committee Celebrates 40th Anniversary The AICPA Minority Initiatives Committee is proud to announce its 40th anniversary and is celebrating in several ways. Key activities include releasing a free e-book showcasing accomplished CPAs, hosting a leadership workshop and receiving an award for excellence. By communicating these successes, the MIC hopes to increase diversity in the profession and promote the CPA credential to young minority students. >>Read More
In honor of its 40-year anniversary, the committee has published “CPAs of Color: Celebrating 40 Years,” a free e-book illustrating the professional accomplishments of minority CPAs. For more information about AICPA Minority Initiatives, visit the program’s Web site at aicpa.org/diversity.
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Internal Control for Governments | |||||||||||||||
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New Internal Control Services Guide for Governmental Organizations
As American Recover and Reinvestment Act programs and funding reach state and local governments, CPAs will want to take a renewed look at internal controls for their organizations. State and local governments with new programs or programs being expanded under ARRA could experience significant changes in the control environment and risk levels. This new white paper describes the concepts of internal control services that a governmental organization may hire a CPA practitioner to perform. Download the white paper, Members in Government Guide to Understanding Internal Control and Internal Control Services.
Gain new insight on this topic and many others for CPAs working in governments across the state at the 22nd Annual Governmental Accounting & Auditing Forum.
GAAF: Navigating in Tough Times December 2nd and 3rd Birmingham Marriott
We have also negotiated a discounted rate of $119 per night for you to stay at the Birmingham Marriott. November 9th is the cutoff for the special rate. Click here for more information
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Common Sense Business Success | |||||||||||||||
Common Sense Business Success 10 Factors & Leadership Issues for Every Business October 20, 2009 Birmingham Qualifies for 8 Hours of CPE Credit
Today’s economy challenges corporate America to produce more for less, faster, and at a higher level of quality. Toss into this mix environmental, safety, and health concerns, as well as higher customer expectations and you have a formula for difficult days ahead. In the tough times, like we’re facing today, effective leaders will take a fresh look at how they are leading and managing their businesses.
There are four common denominators in all businesses: People, Processes, Products or Services, and Customers. Leading in Tough Times addresses these common business factors and includes over 15 principles or guidelines that you can apply.
For more information and to register, click here.
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2010 ASCPA Conference Dates |
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We hope to see you at our 2010 ASCPA Conferences. Here are the dates that are currently set. Save the date on your calendar and plan on joining us again.
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ASCPA Key Person Network | |||||||||||||||
Do you have a relationship with any of Alabama's state or national elected officials? WE NEED YOU—for the ASCPA Key Person Network!
Please sign up for our Key Person Network so that we can involve you in our future grassroots efforts.
This group is largely credited with the passage of the ASCPA-backed CPA Mobility legislation during last year's legislative session. Sign up today and help us make a difference.
Don't have an existing relationship with an elected official? If you're interested in getting involved with our grassroots legislative affairs, the Key Person Network is a great way to get started.
Visit our website for more information: http://www.ascpa.org/Content/Membership/KeyPersonNetwork.aspx
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About the ASCPA
The Alabama Society of Certified Public Accountants [ASCPA] is the statewide, professional membership organization representing over 6,500 Alabama CPAs in public practice, industry, government and education. Eleven chapters, various committees and task force groups made up of CPA volunteers develop programs and address issues to help all members be successful professionals. Visit www.ascpa.org
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© 2009 Alabama Society of CPAs | PO Box 242987 | Montgomery, AL 36124 |